MUFG Union Bank Jobs

Do you want your voice heard and your actions to count?

Discover your opportunity with Mitsubishi UFJ Financial Group (MUFG), the 7th largest financial group in the world. Across the globe, we’re 120,000 colleagues, striving to make a difference for every client, organization, and community we serve. We stand for our values, building long-term relationships, serving society, and fostering shared and sustainable growth for a better world.

With a vision to be the world’s most trusted financial group, it’s part of our culture to put people first, listen to new and diverse ideas and collaborate toward greater innovation, speed and agility. This means investing in talent, technologies, and tools that empower you to own your career.

Join MUFG, where being inspired is expected and making a meaningful impact is rewarded.

The selected colleague will work at an MUFG office or client sites four days per week and work remotely one day. A member of our recruitment team will provide more details.

Managing and monitoring complex loans in the Special Assets Department portfolio and handling internal borrower rating assignments, credit analysis, exposure/reserve/write-off calculations and policies. Performing credit cost accounting reporting and forecasting complying with both US GAAP and Japanese GAAP (“JGAAP”) for a regulated bank (reporting to the Office of the Comptroller of the Currency (“OCC”) and JFSA). Reviewing, analyzing, and reporting activity (changes in credit exposure, credit costs, reserves and write-offs) with distressed deals in the Americas. On a monthly basis forecasting changes in credit costs and reserves for next 12-18 months; and reporting status of credit approvals and Borrower Rating actions. Coordinating deal transfers into and out of Special Assets Department portfolio and approving credit actions. Managing various aspects of the distressed loan portfolio (which at its peak was valued at billions of dollars) which includes complex loans to large and middle market companies. Reviewing and analyzing activity in the portfolio which includes transfer of accounts, refinancing, loan sales, reserves and write-offs and status of approvals in process in addition to coordinating transfers in and out of the Special Assets Department portfolio and approving credit actions. Reviewing procedures and protocols for assigning internal borrower ratings, credit analysis, exposure calculation, reserve and write-off policies, and approval authorities. Preparing and reviewing financial reports and information pertaining to the Special Assets Department portfolio for senior management and Tokyo Head Office and handling credit cost forecasts and Close Watch Borrower management. Managing and controlling credit applications and facilitating the approval process for Special Assets Department portfolio credit actions and loan sales. Coordinating the self-assessment process to establish loan loss reserves and monitoring compliance reporting requirements. Coordinating between several departments including front office, middle office and back office, Loan Operations, Legal, Accounting, Syndications amongst others to facilitate the proactive management of the portfolio. Ensuring high quality data management and ensuring data integrity as well as preparing materials required by regulatory authorities including Japanese Financial Services Agency (JFSA), Bank of Japan (BOJ), OCC, and the Federal Reserve Bank (FED) as well as internal parties. Applying strong knowledge and skills in loan administration, accounting procedures, JGAAP and U.S. GAAP for distressed assets, credit analysis, borrower ratings. Participating in special assignments and projects relating to the analysis, monitoring and composition of the Special Assets Department portfolio. Extensively interacting with the Bank’s Central Policy and Planning Division, Finance, Accounting and Controllers Departments in both the US and Japan.

Qualifications – External

Education: Bachelor’s Degree in Accounting, International Business, Business Administration, or a related field (or foreign equivalent degree)

Experience: 4 years of experience performing credit cost accounting reporting and forecasting complying with both US GAAP and Japanese GAAP for a regulated bank (reporting to the OCC and JFSA); reviewing, analyzing, and reporting activity (changes in credit exposure, credit costs, reserves and write-offs) with distressed deals in the Americas; on a monthly basis forecasting changes in credit costs and reserves for next 12-18 months; reporting status of credit approvals and Borrower Rating actions; and coordinating transfers in and out of special assets/loan workouts department portfolio and approving credit actions.

Language: Fluency in Japanese required to extensively interact with Central Policy and Planning Division, Finance, Accounting and Controllers Departments in the US and Japan.

License: CPA license in any state is required

Other: Position requires employment in-office 4 days per week and remotely 1 day per week.

Wage: $169,707 to $200,000 U.S. dollars per year

Employer: MUFG Bank, Ltd.

Location: New York, NY 10020

Reference internal requisition# 10064394-WD.

We are committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our people and our business; Equal Opportunity Employer: Minority/Female/Disability/Veteran

The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.

We are proud to be an Equal Opportunity Employer and committed to leveraging the diverse backgrounds, perspectives and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate on the basis of race, color, national origin, religion, gender expression, gender identity, sex, age, ancestry, marital status, protected veteran and military status, disability, medical condition, sexual orientation, genetic information, or any other status of an individual or that individual’s associates or relatives that is protected under applicable federal, state, or local law.

At MUFG, our colleagues are our greatest assets. Our Culture Principles provide a roadmap for how each of our colleagues must think and act to become more client-obsessed, inclusive and innovative. They reflect who we are, who we want to be and what we expect from one another. We are excited to see you take the next step in exploring a career with us and encourage you to spend more time reviewing them!

Our Culture Principles

• Client Centric

• People Focused

• Listen Up. Speak Up.

• Innovate & Simplify

• Own & Execute